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"Currently, the world is facing a profound change. The global security situation is complicated," said Nuctech Chairman Chen Zhiqiang.

"China's growing power of medical equipment research and manufacturing in the last 10 years has laid a solid foundation to deal with that boom in sudden demand," Yin said.

"Compared with the requirements for China's economic and financial development in the new era, there is still huge room for the opening-up of our financial sector to domestic and foreign investment," Yi, governor of the People's Bank of China, said on Tuesday at the 2018 Annual Conference of Financial Street Forum in Beijing. "China will take advantage of the further opening of its financial sector as a crucial way to improve the quality of financial services."

"Compared with traditional fully automatic labs, whose work-flow may be interrupted when there is a problem in any of its links, the smart lab enables researchers to replace the problematic link easily to ensure the smooth completion of the experiment," said Wing Lu, head of the smart lab research and development unit in Nikyang.

"Chinese consumers are more willing to spend money on cosmetics and skincare products, and more people are paying attention to the quality of products," said Neil Wang, president of consulting firm Frost & Sullivan China.